Korea Gas (Kogas) is to invest $3Billion in Australia LNG Projects comprising an estimated $1 billion in Royal Dutch Shell's Prelude LNG project and at least $2 billion in the Gladstone LNG project.
Each project is expected to provide the company with around 3.5 million tons of LNG annually.
Kogas is also looking at the U.S. shale gas assets. Kogas is planning a new Houston office.